THE CHINA MAIL, FRIDAY, OCTOBER 31, 1958.
HONGKONG STOCK EXCHANGE FIRMER
STOCK EXCHANGE
Our Own Correspondent a
Business done on the.. Hong- kong Stock Exchange this morning amounted
proximately
to дом
$184,000, Noon
quotations and the morning's transactions were:
Shares Buyers Sellore Aalen
BANKS
MK Dank.
745 78234
Funt hat. 200
INSURANCE9
Unlon
nd*** 7819
Lumbard
SHIPPING
Wheelock,
XD..... 6.50 5.35
BUCKS. ETC.
Dock
Privident,
LAND, ETC.
HK Hotel
1K Land Humphreys RUBHER Amalk, XP
Trust .....
A. Tawali.
Fungala
UTILMES
ពលរ
4011⁄2 14415
11.40 14.00
21.30 21.50 1000 21.40 100 12 21,60
304 305 1700 3014 1495 1.40
1.00 1.05 2003 NO.
25.10 23.30
Star Ferry G
Yuumati
B004
Reports That Companies Have
Good
Year
By A SPECIAL CORRESPONDENT
The undertone
on the Hongkong Stock firmer this wook and Exchange was with the bettor political outlook, things began to look brighter.
During the week the market was in slight ascending mood with the result that Stocks elimbed Glowly from their lows! of last week,
News that may stimulate the present sluggish market in th 1.00 coming months till the end of 1.60 the year is reports that the majority of companies have done well this year and that dividends are expected to be maintained or increased in some cases.
20
17.60 Although business this week 21.00 Was much better than last week, 13.40 with a turnover of $2.24 million with cumpared
$980,000 last 72 week, this may not be a true
H
DO
pl
C. Light
Firetrie... 210
101..... $71
..trim.) 13.40 13.00
Telepho
1000
B00 * 500 123 504 21.00 20, 1200
725 1.40
13.M
Cement 2.30
STORES, ETC,
1011
Lane, Craw. 12.30
200 or
13
COTTONS
4.06
4.10
Dury 15.40 15 TO 1302
Watson 11.20 11,00
Tortiles
INVESTMENTS
Ja, Inv.
Ailled
H.K. & F.E.
Invest... 0.10 0.50
LONDON
RESUMES CLIMB
London, Oct. 30.
stock
"Buy
You fur
long-term stocks with that foot-t've got ten years!"
was
picture of the sinle of the After early hesitation on market. It is reported that
bit of business reports of Israeli troop quite a movements the
transacted privately this weak and not through the Hongkong market today resumed its Stock Exchange. upward course to close on a firm note. Gill-edged
five-i
securities tuated narrowly in early trad- ing up rallied just before the close.
Dollar Blocks were adjusted higher
yesterday's following rise
Wall Street. But foreign bonus and ralls were musily quiet and uncinated.
INDUSTRIALS
good closed!
us
Absorbed
Here is an Ice House Street observer's account of the market;
Dull markets featured the trading with week's
tlie result that price movements either way showed only frac
thoso tional change from of the previons weck,
Uillities, however, turned a shade firmer on the closing day of the week to register Asmall gains in most lexues with the exception of Yaumati
Ferries which were a shado
off.
Elsewhere there is tile of note to report.
Market Diary
Here in markel diary of the week:
Friday:
Mond:
"No material T/O:
change.. $436,000.
HK Bank Lombard Unior Wherlook IK Whart HK Docks
Grain Chicago
Market
Chicago, Oct. 80.
Grain futures prices closed
Mar.
Ky Arm to lay
18314-15 1977-198 19014-Th
Page
Murat T'and QuotationN
The following are quotations of Mutual Funds in the United States in American dollars. The buyers" quotations include"-com- mission:
Mutual Funds
10%
* The
Share Market At A Glance *
Up or
Supt. 35
74134
759
Ocl. B
75244*
Oct. 27 747340
Oct. 30
Down
747%
steady
281a
Zin
36
25.706
$2.80
Bellers Hydra
74b
Tim
71b.
0.00
7.40
Am Bus Birm
4.30
4.30
- 5.80 -
5.65
5.00
5.80
8.85
+60
960
Dim
43/4
4214
44
41
DO 4934
+$1.50
Ax Block
4.27
Borjon Fund
38.73.
18.00
-260
Bullock Fund,
13 zd
14.62
Provident
11b.
11.30
11.25m
21.30
11.30b
steady
steady
on the
Cankea Gen.
13.08
15.11
BK Hotels
2014
21.20
21.15m
21
21.30
30
Chicago Board of Trade.
Canadiya Fund...
18.70
Canadika Int. Grow,
HK Lands
3014
304
3034
3016
2014
250
IIK Realty
1.8765
1.36
1.875
1,375
1,4258
+50
Wheat No. 2, red
Spot
Chemical Fd
Dividend S
2.03
1Din
Praytua Tund
11.40
RK' Trams
24.00
24.90
25.10
26.706
26.10
+400
Dec 1940) 18 (L)
teaton & low Dal
22.00
Star Ferry
110
108
100n
100b
100b
steady
Eaton & Stock
Yaumatis
9342
€4.50m
10m
014
01
**$2.50
-Bfay
Fidelity Fund
Ch Light
17
1720.
17.30
27.10
1714
July
1841%
Found Mu! Fá
+400
Sept.
1801
►
Com Steek
Electrics
20
20
24.00
24,80
· +200
Corn, No. 2. yellaw
Itointi ya HO
4.57
IIK Telephone
23.20b
23.80
24
23.80
23.90
+100
Spol
10094-1103% inati Growth
Instli : Found
201
10.40
G.1. Cement
21.80
22.30
23.705
23
22.80
100
Dac.
Inati Incom
0.45
Dairy Farm
10.40
10.90bx d
16.50
15.00m
15.00
steady
Mar.
Dee, new
Inv Te Bort
10.00
10.30b
11.10
11.30m
Ilb
11.10b
+100
Keystone Cubs -2.
23.15
Mar.
Made Inv Tri
12.43
Lane Crawford
13,10
18
13
- 13
13
steady
May
Mess Grow
ab
Eb
笾
steady
July
Nat Boo Growth_
Пуд
5b
4b
4.956
4b
4.10b
10
Dre.
9.800
0.801
8.70%
9.20b
9.10b
-10
AYAT.
3.COM
3.00b
3.700
4.10s
4.05n
ww
Gats
►
0.80b
0,00b
7.10b
7.10b
714
+150
Dre.
0476-15
Mar.
Soybeans, No. 2, yellow
Spot
Nov.
303-201 211-221076
Jen.
Mar.
Afny
July
A. 8. Waten
I Investment Allied
HK & FE Inv Textile Corp Nanyang
24.20
SPECIAL ISSUES SUSTAIN
IRREGULAR NY MARKET
New York, Oct. 30.
Strength in oils, tyres and special issues helped sustain an
irregularly moderately active stock market today.
Gains in the oil sector ranged to more than two points in Gulf. Gains of a point or more were set by Shamrock Oil, Amerøda.
Dull and feature- Jess. T/O: $451,009. Tuesday: No material changé.
T/O: $340,000, Wednesday: Ruled stendy. T/O:
$400,000. Thursday: Prices well main-
Lained
TO:neapolis $018,000.
Malayan
Tin Production
Singapore, Oct. 30. Tin production in Malaya in September foll by about 50 per cont from the total output in September last year, statistics showed to- day. Only 2,577 tuns was produced
lowest in last month-the years.
<
per
cent
Beckman Instruments, Min- Chala Honeywell,
and Belt, Caterpillar Tfactor, Disney gained two points or better. Facile Mills rose more than five at its best.
Retreated
09
21
Leading steels retreated much as a point In U. S. Steel. Motors were mixed with Ameri- can down more than a point, Kennecoit lost incre than point in the coppers,
Checler Motors lust four points and Parmelee Transportation more than five poirita.
Of a total 1,223 issues iraded, 515 were lower, 478 higher.
New York Stock Exchange volume was 4,360,000 shares.
New York Stock Exchange bond volume was $6,490,000.
American Slock Exchange volume was 1,350,000 shares.
Dow-Jones
were:
Hongkong: Electrle and Phone rights are being well absorbed and prices are tending to harden now the demand has be
1 come greater than the supply.
Lombards, which have been inactive for some Ume, now,
of Fifty-one dropped $2.30 on the week with Malaya's Un mines have now a buyer's quote of $25,70,
closed down since December Industrials nt de
of when restriction showing generally but
Utitles is a group were the last year
under the as industrials- below
the day's best levels. best gainers on the week with production started
agreement. 20 rail Fords led a
exception higher motor list, the
15 utilities Yaumati International of Among the blue-chips 11, Ferries which dropped another This resulted in 12,569 miners losing their jobs. Only 381 Turner and Newall, Swedish $4.530 this week to close at $91.
mines were operating at the Match, British Aluminium and
Wag 11 end of September with 23,966 Tally for the week Glaxo turned
good per-
Higher, six unchanged And workers employed. During the tight lower compared with three month 61 mints closed down Copper stocks were frac-
"gold higher, flye unchanged and 17 and 808 workers were sacked. tionally improved, but
the lower last week.
formance.
21
attxks faded slightly
Mideast score,
Olla cume
in
back from thest
lows, while rubber issues were
sicody--U.P.I.
Free Trade
U.P.1.
lin
COMMODITY
Area Talks FOREIGN
Break Down
Paris, Oct. 30.
EXCHANGE
NEW YORK Closing rates were: Canada
1.03 1/4 unquoted 2.24 0/18
,232円 .0150
· Britain's hopes of obtaining England
agreement among the Australia
Switzerland
member countries of the Argentina
| Others unchanged. Organisation for Euro-
pean
Economic
Co-
Brucau
ton at 14 designated spot mar- kets was 34.70 cents.
Total sales were 74,688 bales. ---UP.I.
RUBBER
NEW YORK
Rex rubber futures today closed live to 20 points higher
with sales of 45 contracts.
Closing prices!
2.00 5/8-2.00 3/4
Nov.
271 18/16-3.72 15/10 123.40-335.49
Jas
18-24 1/8-15 34 3/E
May
11.69-11.69 1/6
July
14.70 5/0-11.70 7/0
Sept.
Nov.
-V.P.I.
LONDON Closing rates were; operation for a European New York Free Trade Zone by Montreal January 1, 1959, were Copenhagen finally dashed here today. Par...
Frankfurt A complete breakdown, In Others unchanged. negotiations was avoided at a three-hour meeting of the Maudling Commilled but it was learned that the French dele- gates bud rohused to commi themselves to enter into such un agreement.
COTTON
NEW YORK
Mr Reginald Moydling, British Paymaster-Generol and Chair- man of the negotiating com-
Prices of cotton futures closed mittee, has accordingly had to abandon his hopes of guarantee today as follows:
Spol: 56.50 nom.; Dec: 30.24; ing solution by the end of Mar: 36.79; May: 3000; July: 3470:
Oct: 32.01; Doc; 31,00; Mar; 33,02. the year.
AMSTERDAM
3145
5140
stocks
40 hond
Allis Chalmers
Am. Drake Bhoo American Airline
Am. Cable & Radio Corp. American Cyanami Ca.... Amer. Forgh, Power Ami, Gas & Electric Am. Itome Prod. Am. Mach, & Fary American Metal American Smelting Ain, Sugar Rel... American Tel - Tel American Tob. "1" Autreunde Copper Armour
Allan Con. Mung Baldwin-Luma-Hun. Baltimore & Oli Beneficial Finance Bendix Aviation Carp.
Benguet Cuns,
Bethlehem Steel
Being Airplane Burden (The) Co. Burroughs Aud Machine Callt. Packing Corp Campbell Soup Co. Canadian Pacife Case 13. 1 Cat. Tractor Celanese Corp
Co.
C.17. Financial Corp. Chase Banhet, Bank Chrysler Motore luett Peabody Colgate-Palmolive Co. Colombian Corben Co. Commercial Credil
Commonwealth Elee. Consolidated Edixon Continental th of Del. Crown Zellerbach Cuban Anier. Sugar Diamond Alkali
closing averages Diamond Match Co.
Comum. future price index ..
Closing Prices
Alden Inc. Acy. Allied Chemicals Allied Mila Inc.
PRICES
SUGAR
Douglas Aircraft
Dow Chemicals
Dupont de Nemour
43.33 Eastern Airline
24.0393
02.07
Eastman Kodak .....
El Pazo National Gas 180.26 Family Finance Corp. ....
B0.20 Firestone Tyre & Rubber
162.33 Ford Motor
2734 | North-west Airlines 4371 Din Mathieson .... 24 Ctle Elevators
Owan-Illinois Glass
Oxford Paper Co.
Barley,
Snot
New York Bour
200 lb. mack
UK
*
110
11015
LE
12096-14 133-131
4,50
Scudder St & C
Tuley El F... Value Line F Wellington F
13.34
Exchange Rates
115-328
Budincs was done in the local
market tonicial exchange morning at the following rales:- US dollar per 61)****** Staring notes (per £1). Alcalinn hutes (per C
this
-6.70
18.00
12.00
$12.00
Indonesian rupiah (per 100). Bian Licule
4.71
100)
Singapore (Birgit)
1.02
.P.I.
Economy Is Expanding
Londay, Oct. 30.
credit, resources. All this, he wald, represented a consider- abte stimulant.
how.
aver, that it would be a mla-" take to try, and force the pace and that world trend.
(Corn.)
2515
of
After marking time for a year or two, Britain's economy is again expanding, Chancellor the Exohaquer Derick Heathcoat Amery, stated day.
The
Chancellor, warned,
to-
was
10
Pacific Gas & Else. Pan American Airways
J'aramount Picturva
30% Philip Morris.......
B*
10
117
A2
Parke Davi Co.
2715
Penny J. C. Co.
Penn. Salt Co.
32
Procter & Gamble Co.
F
90
Publicker Industries
0013
Pure Oll
1011
Radio Corp.
384 | Republic Steel
132%
neyaoica Metal
Pillaburgh Plale Glass
Sears, Roebuck &
234 Shell of Co,
0134 Saint Reg. Paper
15 | Hinedale Ölt....
43 Becony Mobilo
5633 | Bolar Alterati
731% Bruth Puerto Rico Bugar
575 | Southern Co. (Ther
402 Fouthern National Ga
4015 Southern Railway (Comi 201. | Standard Brands
20% | Standard Oil of Cul. Standard Oil of Ind.
2016kmdard Oil of NJ.
Steep Rock, (Toronto Exge.)
Sterling Drug Cv.
215 Blokety-Var Cemp.
20
03
43
#2
鲁能海
02
Studebaker Packard Corp.
Bunching Mining
Switt & Co.
Texas
Co.....
Textron Inc.
Tide Water Assn. O
$51Tine Inc.
543 Tri-Cont. Warrants
201
43%
Twentieth Century Fox Fin
Union Carbide ...
United Aircraft
31
Union 03 of Cal.
#P
Untan Pacific Railway
193
Unlied Gas Corp.
365
120%
U.S. Foll
337%
US. Gyps
U.S. Line Co.
100
g Ribber
487%
U.S. Amelting
58
C.B. Steel.....
07
U.. Steel P.C. PF-
6715
Warner Bros.
Generel Motors
48
Westinghouse Air Brake
Gen. Pub, Util.
44
Westinghouse Electric
Gen. Tyre & Rubber
314
Wertem Union Tel. Co.
49 Getty O
28%
Glidden Co.
Wert Va. Pulp & Paper Woolworth
Goodrich (B. F. Co.
Goodyear Tyre
Grumman Atrerait
$21
General
General Electric
General Foode ..
Gulf Ou
Heyden Newport Corp.
Homestake Mining Co. Ingerso)-ind
Inland Steel Co. Interchemical Int'l Busines
Int'l Harvestor ................ International Nickel International Paper Int'l Tel & Tol... John-Menville Co. Kaiser Industr
Kantas C. Power & Light Kennecott Copper ... Laget Meyers Tou. Co Lockheed Alterati Loews Incorp.
New York, Oct. 30.
Lone Star Cement Co. World No. 4 sugar futures Lowenstein & Bons. closed today unchanged to one McDermott J. Ray
McDonnell Aircraft paint lower with sales of 160
Stock Exgo.) Mesabi Iron Com contracts.
Domestic No. 6 sugar futures closed unchanged to two points higher with sales of two con-
tracts,
Minnesota Mining
Minion Development Monsanto Chemical Co. Montgomery Ward
Motorola Ine. National Bagult Ca.
Contract No. 4 (world)
Dairy Prod. Jan; 340: Mar; 350: May: 3.30: National ach Neg. A
National Lead National Bteel Corp., New York Central Norfolk & Western Ry. North Ameri. Aviation
July: 3.29: Sept: 1.30 Oct: 159: Spat-cents per 1b. fob Cube): 5.39,
Oper Interest: 6,783 contracia.
Contract No. 8 (domesilo) Mar: 07 May; 432; July: 5.75; Sept; 5.18; Rpot-icents per lb. cli Nauty"
Open Intersal: 414 contracts.
The rubber market WAS steadler today. Prices closed in U Cuilders per kilogram, elf Nov.
na follows;
No. 1 rubber
No, 3 rubber
No. 3 rubber No. 1 repe
231 buyers ..., 2.50 buyers
2.83 buyers 2.CU BUY TH
BINGAPORE
The market opened slightly higher and steadier, further on short covering and some trade buying.
per lb..Nov. 06-001
This afternoon's meeting was
No. rubber per ib. Nov, 0074-01 NEW ORLEANS
Dec. 00-00 hurriedly called by Mr Maodling
Prices of cotton futures closed No. 1 rubber per lb. Nov. 81-00 when, according to lobby
No. sources, it appeared that France today as follows:
Spot: 36.75; Deo: 3983; Mar: 30,42, might refuse to declare herself may: 30.50; July: 5481; Oct: 31.99; in favour even of the principle Dee: at 24, Mar: 32.00. of a Free Trade Zone.-Reuler,
Trade Delegation
An
(No. 1b. Nov, 052/3′′
7744-79 12-04
METALS
1:200
NEW YORK Prices of metal futures closed!! today in cents per lb, as follows:
Lead Oct.
Deo.
12.236 10.03 Zina, Oct. DU
10.00h Copper Oct.
Dec. Tim Oct. Дес.
93.dob
8pot rubber unbaled *** Blanket stope No, 1 pale crepe
LONDON LONDON
Prices of metals closed today | The rubber market was steady in sterling per long ton as fof- with spol quoted at 25% pence lows: pence per lb. were as follows:
Buyers Seller per lb.. Prices: No. 1 as spot .............. Delement house form:
LIVERPOOL Cotton future
closings, in
24.
American Coniruot Oct/Nov: 25.97; «Dec/Jan: Berlin, Oct. 30. Mar/April: 2130: May/June: 13.56: Indian trade delegation July/Aug: 2; Oct/Novi BAD.
Alixed Contract headed by K. D. Lall, director Oct/Nov: 2355; Dec/Jan: 2015; general for foreign trade and Mar/April: 2215; May/June: 21.30 Joint secretary in the Indian: July/Aug: 24.10) Oct/Nov. 23.00, Ministry for trade and Industry,
BAO BATE arrived bi East Berlin Loday, the Soviet zone news agency ADN #alch-U.F.I.
2034-20
Tin
Jon/Mar.
Apri/Juno
Бро D-month Copper Προς
July/Sept.
Oct/Boek www
|_ General 'markets, cif bas Nov.
Lead and, balt
Dot.
Dec.
Prices all unquoted "today.
In the United · Biotas, the Butate onepe that Toy, average price of one-inch 201- Briate crepe thick Des.
Jan.
·Zing* 2nd-lint
718 150
143
201
+24036
237
(Am.
Yugoslavia Wants to Join GATT
Geneva, Oct. 30. Yugoslavia today made formal application for associate General us membership of, the
Agreement on Trade and Tariffs (GATT) here today. The sold he delegate Yugoslav
Yugoslavia would ultimately become a fall mem- ber-Reuter.
1511 hoped
Agreed Merchant
Rates
Malayan Dollars
maximum
107 selling 62-13/16, minimum buv
ing 63-5/18 T/T: 53-4 O/D; 33-11/16 30 days; 32-15/10 00 day
OPPORTUNITIES
IN CANADA
Our facilities can be of valuable assistance to those Interested in the economic development of Canada and of benefit to investors in selecting suitable investmerit through which to participate in the abjured growth of · this country.
Enquiries invited
PEARL INVESTMENT MANAGERS LTD.
502, Bank of East Asia Building.
28738.
The Government, he said,
Joane planning to make Commonwealth countries To finance Britain's exports and International
were
being prepared to Increase
*
be closoly watched.
must
He sald special ald would be
given
#rozs
to
of Britain
where unemployment, was re- fatively high, and
hold 'out
next
hopes of tax cuts in year's budget-France-Presse.
P.O B.I
E&A
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N. CO.
Outwards'
"CHUSAN"
"SALMARA"
"CORFU" "SINGAPORE"
"PENIM"
"SOUDAN" "CARTHAGE"
tomawarda
"CHUSAN"
"CORFU"
Lenydu London
Belied 6/10
Sziled 21 ·
Sailed 15/10
Sailed 10/10
Halled 20/10
4th November
12th November
Bus Hongkong.
sth Novembe
11th November
17th - November
21st November
12th December
12th December
+
14th December
Lexyas Hongkong, Bus Lanton
Dla November
'gth December
"SAIMARA” †· "CARTHAGE"
**PERIM"
1st November
7th December
Siad December
10th January JELA December 18 January
Din January 7th February Via &'pore, Penang, Colosuho, Bombay, Adan a Pt. Brit. ↑ "SALMABA" toads for Straits Parts, Aden, Pt. Bald, London, Hamburg, Rotterdam & Antwerp. *PERIM" Loads for London & N. Continent only
"ORDIA".
"SANTHIA”
BRITISH INDIA S.N. CO., LTD.
LA Port
11 Nov
Zb Port salia Wiki Nov.
from Calmatta. Chitta. gons, Frans de s'pora (or Japan
from Caizulta,' Rangoon, rezana & Bingapore tor Japan
P. & Q./B. 1. JOINT SERVICE "PALIKONDA"das ist Oct from Ja
Balis ist Nov. for Singapore, Femang
Cochia, Karachi Bunbar
* 13th Nov.
from Japan - For singapore, Bunder, "Abbes, Kuwait, Basrab
Khorramshahr Narachi from Bombay, Cochila
Singapore
for Jopati
"URMARA"
natia
dus 3th Nov. 8th Nov.
"URLANA” dus 11th Nov.
EASTERN & AUSTRALIAN 5.5, CO., LTD..
"NANKIN"
dus 11th Nov, as in Nov.
from Japan, N. China for Laugar, Bandakan Belagane, Bydney, Mel- bourne
from Australia
"EASTERN"ls 2410 Nov. 1oz SPR
lịch Now.
All remain, have liberty to call at soy ports on er all the route & the roule à antiingą sro sukibei
to change or amolčasani – With or Without mojad..
Ter full particulars apply to: MACKINNON, MACKENZIE & GO OF HONG KONG [:D Telephone Nos: 27791 4.